2026-08-17T09:32:31-05:00 2025-09-30 010523282 Berry Dunn McNeil & Parker LLC 2211 Congress St Portland ME 04102 990 2024-10-01 463593492 Gifford Retirement Community Inc GIFF 8027287000 44 South Main Street Randolph VT 05060 D Chris Frauenhofer CFO 8027287000 2026-08-14 1 1 Melissa Magoon CPA P01712842 2077752387 2026-08-14 2024 2025-03-06 01:10:19Z Michael Costa 44 South Main Street Randolph VT 05060 10748585 0 X www.giffordhealthcare.org X 2013 VT Gifford is committed to providing top quality care for our whole community, for people of every age and that's the founding vision of Morgan Orchards senior living. 10 9 111 14 0 0 4113754 3162522 6749911 7421169 25139 14138 0 0 10888804 10597829 0 0 0 0 5073466 4453752 0 0 0 5033451 6018026 10106917 10471778 781887 126051 13759164 11388379 26889438 24372772 -13130274 -12984393 The mission of Gifford Healthcare Inc. and its subsidiaries is to enhance the health and well-being of our communities by providing excellent patient-centered care including senior living services. 0 0 7446698 7421169 Gifford Retirement Community operates a 30 bed skilled nursing facility, a 49 unit independent living facility, and an adult day care facility. 7446698 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 111 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X D Chris Frauenhofer 8027287000 44 South Main Street Randolph VT 05060 Jeffery Nelb Chair 1.00 2.00 X X 0 0 0 Kristin Chandler Secretary 1.00 2.00 X X 0 0 0 Peter Reed Treasurer 1.00 2.00 X X 0 0 0 Matthew Considine Director/Trustee 1.00 2.00 X 0 0 0 Jamie Kinnarney Director/Trustee 1.00 2.00 X 0 0 0 Kathleen Mason Director/Trustee 1.00 2.00 X 0 0 0 Victor Ribaudo Director/Trustee 1.00 2.00 X 0 0 0 Morgan Rilling Director/Trustee 1.00 2.00 X 0 0 0 Cindy Rosalbo Director/Trustee 1.00 2.00 X 0 0 0 Megan Cicio Past Vice Chair 1.00 2.00 X X 0 0 0 Jody Davignon Past Director/Trustee 1.00 2.00 X 0 0 0 Frederick Hauser Past Trustee 1.00 1.00 X 0 0 0 Sarah Jackson Past Director/Trustee 1.00 2.00 X 0 0 0 Clay Westbrook Past Director/Trustee 1.00 2.00 X 0 0 0 Michael Costa President & CEO 1.00 41.00 X X 0 77312 6225 Daniel Bennett Past President & CEO 1.00 41.00 X X 0 390225 48011 Ursula Margazano Past GRC Director 40.00 0.00 X X 0 213730 29917 Cheyenne Holland CFO 1.00 41.00 X 0 127726 6639 0 808993 90792 0 0 1 0 TLC Nursing PO Box 2244 South Burlington VT 05407 Contract Nursing 615297 FocusOne Solutions PO Box 850861 Minneapolis MN 554850861 Contract Nursing 284698 B C Ziegler & Company 2 Grant Central Tower New York NY 10017 Consulting/Broker 210000 3 3145434 17088 3162522 Patient Service Revenue 624100 5714799 5714799 Independent Living 623000 2366767 2356090 10677 Contractual Allowances 624100 -660397 -660397 7421169 15850 15850 149044 150756 -1712 -1712 -1712 10597829 7410492 0 24815 X 3322524 2253295 1069229 102065 78075 23990 804232 517327 286905 224931 172062 52869 28299 28299 8982 8982 2960629 2062676 897953 434 332 102 52008 39784 12224 242427 185445 56982 879484 672764 206720 5234 4004 1230 212050 162208 49842 855997 654797 201200 58052 44407 13645 Other Supplies 318779 218447 100332 Medicaid Provider Tax 170442 170442 Medical Supplies and Dr 163199 163199 Miscellaneous Expenses 62010 47434 14576 10471778 7446698 3025080 0 X 240 240 4094918 1786412 704717 1389369 5136 4971 750 18407 14617060 6699178 8630818 7917882 205948 212781 116637 58317 13759164 11388379 1113603 705681 9304320 9035045 3941813 3048306 12529702 11583740 26889438 24372772 X -13196223 -13064185 65949 79792 -13130274 -12984393 13759164 11388379 126051 19830 0 X 0 1 X 1 1 1 X 162456 514475 210999 4113754 3162522 8164206 5101530 6179965 6176055 6749911 7421169 31628630 5263986 6694440 6387054 10863665 10583691 39792836 0 1506561 1825040 2571992 1422334 1887994 9213921 1506561 1825040 2571992 1422334 1887994 9213921 30578915 3923 5352 8247 8586 15850 41958 3923 5352 8247 8586 15850 41958 5267909 6699792 6395301 10872251 10599541 39834794 0.76760 0.75290 0.00110 0.00090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 5418 5418 0 Part II-B, Line 1: Gifford Medical Center, Inc., a related organization, is a member of the Vermont Association of Hospitals and Health Systems, the Bi-State Primary Care Association, and the American Hospital Association. A portion of the dues paid to these organizations is available for lobbying expenditures on behalf of Gifford Medical Center and the other member organizations in furtherance of their exempt purposes. Gifford Medical Center does not directly perform any lobbying activities. A portion of these dues have been allocated to related organizations Gifford Retirement Community, Inc. and Gifford Health Care, Inc. Gifford Retirement Community also paid a lobbying firm to advocate on their behalf. 8201611 3266407 4935204 1319869 986694 333175 5095580 2446077 2649503 7917882 Due to Affiliates 11505285 Deferred Annuities 78455 11583740 0 0 0 0 0 0 0 0 0 Daniel Bennett Past President & CEO 0 383282 0 0 0 6943 0 15678 0 32333 0 438236 0 0 Ursula Margazano Past GRC Director 0 163015 0 50000 0 715 0 10841 0 19076 0 243647 0 0 Part I, Line 3 Gifford Medical Center's Chief Executive Officer is evaluated annually by a board compensation committee that relies on data and input from a variety of independent sources. The compensation information is then reviewed by the Executive Committee of the Board of Trustees and resultant recommendations are presented to the Board of Trustees for final approval. Form 990, Part V, Lines 1a & 2a: Gifford Medical Center, a related organization of Gifford Retirement Community, files all W-2s and 1099s for the Organization. Salaries, pension, payroll taxes, and employee benefits of those individuals are then allocated for the amounts that represent work performed for Gifford Retirement Community. In addition, the CEO and CFO of Gifford Medical Center, Gifford Health Care, and Gifford Retirement Community. Compensation has been shown in Part VII as paid by Gifford Medical Center only, although their time spent is attributable to all three entities. Form 990, Part VI, Section A, line 3 Pursuant to a management agreement effective February 1, 2024, the organization delegated management of its retirement community operations to an independent third-party management company, DR Management Services, LLC. The management company is responsible for the day-to-day operation of the facility, including personnel management, financial administration, resident services, marketing, regulatory compliance, maintenance, and other operational functions. The Board of Directors retains ultimate oversight and control through approval of budgets, significant contracts, major expenditures, and review of operational and financial reports. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent accounting firm based on the audited financial statements and information provided by the accounting department of the organization. The completed Form 990 is presented and reviewed by the Finance Committee of the Board of Trustees and an electronic copy of the complete Form 990 is made available to all Board Members prior to filing. Form 990, Part VI, Section B, line 12c Gifford Retirement Community, Inc. requires board members to complete an annual conflict of interest survey. Any duality of interest or possible conflict of interest on the part of any director shall be disclosed to the other board members. Any director having duality of interest or possible conflict of interest on any matter shall not vote or use his personal influence on the matter, and shall not be present for discussion of the matter. The minutes of the meeting shall reflect that a disclosure was made and that the director abstained from voting and discussion. Form 990, Part VI, Section B, line 15 The Organization's CEO & other officers are compensated by Gifford Medical Center, a related organization. Compensation for the Chief Executive Officer is evaluated annually by a board compensation committee that relies on data and input from a variety of independent sources. The compensation information is then reviewed by the Executive Committee of the Board of Trustees and resultant recommendations are presented to the Board of Trustees for final approval. To evaluate the compensation of the Organization's other officers and key employees, the compensation review is administered by human resources and the CEO. The human resources department has some internal and external sources that are utilized to compare compensation amounts. Form 990, Part VI, Section C, line 19 The Organization makes its conflict of interest policy available upon request. The financial statements are available on the Organization's website, and upon request. Form 990, Part IX, line 11g Professional Fees: Program service expenses 2,062,676. Management and general expenses 897,953. Fundraising expenses 0. Total expenses 2,960,629. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Gifford Retirement Community, Inc. 44 South Main Street Randolph, VT 05060 EIN 46-3593492 Gifford Retirement Community, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Gifford Health Care Inc 44 South Main Street Randolph VT 05060 460938716 FQHC/Parent VT 501(c)(3) Line 10 N/A 0 Gifford Medical Center 44 South Main Street Randolph VT 05060 030179418 Critical Access Hospital VT 501(c)(3) Line 3 Gifford Health Care Inc 0 Charitable Remainder Trusts (3) Deferred Annuity VT Gifford Retirement Community Inc 1 Charitable Remainder Trusts (12) Deferred Annuity VT Gifford Medical Center Inc 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1